FX:AUDJPY Australian Dollar/Japanese Yen
Greater than 1:1 Risk Reward where targets are set at the next level of structure or earlier.
Some good Ratio confluence and a potential test of the if price action reaches this level.
Potential Fib Inversion trade setup on the 1HR where the potential entry level is within our defined kill zone.
A potential long trade can be taken. Keeping an eye on a reversal pattern on the 1HR, 4HR or Daily.
IF price action puts in a , then we can either look to enter at the next bar market open or wait for a 2618 set-up for a more conservative entry.